电子行业周报：商务部启动对美成熟制程芯片低价冲击中国市场调查

Investment Rating - The industry investment rating is "Overweight" [1] Core Views - The report highlights that the Ministry of Commerce has initiated an investigation into the low-price impact of mature process chips from the U.S. on the Chinese market, which may benefit domestic industries [4] - The semiconductor industry is expected to receive increased support from the Chinese government in response to U.S. subsidies for its chip industry, particularly for mature process chips [4] - The report recommends focusing on companies involved in power device chips, MCU chips, and analog semiconductors, suggesting specific companies for investment [4] Market Performance Review - The report covers market performance from January 13 to January 17, 2025, noting that the Shanghai Composite Index rose by 2.31%, the Shenzhen Component Index by 3.73%, and the ChiNext Index by 4.66% [3][34] - The semiconductor sector, particularly the analog chip design segment, showed strong performance with a rise of 10.26%, while digital chip design lagged with a decline of 0.13% [34] - The MCU chip index performed well with an increase of 8.85%, while the server index had the weakest performance with a rise of only 2.62% [34] Investment Recommendations - For the Apple supply chain, the report continues to recommend companies such as Luxshare Precision, Dongshan Precision, and Pengding Holdings, while suggesting to pay attention to companies like Linyang Technology and Crystal Optoelectronics [4] - In the Android smartphone supply chain, Xiaomi Group, Huaqin Technology, and Shunluo Electronics are recommended, with a focus on companies like Weir Shares and Aiwai Electronics [4] - The report also suggests investment in the AI chain, recommending companies like Placo New Materials and Haiguang Information, and in the PCB sector, recommending Huitian Technology [4]